CMA launches probe into £1.9bn merger between National Express and Stagecoach January 26, 2022 The UK competition watchdog said this morning it has launched an investigation into the £1.9bn merger between National Express and Stagecoach due to concerns over the tie-up. The Competition and Markets Authority (CMA) said it had served a so-called initial enforcement order, which stops the companies from fully combining while it considers the deal. Stagecoach [...]
Google backtracks on cookies plans after ad backlash January 25, 2022 Alphabet Inc's Google announced its second try at enabling advertisers to buy ads based on users' browsing interests without having to rely on what it has described as privacy-invasive tracking cookies.
Competition is heating up amongst retail banks, says FCA January 20, 2022 Fierce competition in retail banking is driving choice and lowering prices for consumers according to the UK financial watchdog.
The world in 2022: a map to global politics January 19, 2022 In 2022 the fault lines of global politics will be tested again. City A.M. and the British Foreign Policy Group chart the year ahead. If the pandemic taught us anything, it is the deep ramifications that one country’s domestic politics have globally. From the future of the French President to continual Chinese aggression, here we [...]
UK regulator fines Mastercard £31m over ‘cartel behaviour’ January 18, 2022 Mastercard is among five payments firms which have been accused of operating a cartel in the prepaid cards market by a UK watchdog.
Facebook and Twitter ‘failing to tackle fake review factories’ January 13, 2022 Facebook and Twitter have been accused of failing to tackle an online industry of fake product reviews, with new research uncovering schemes on the platforms with hundreds of thousands of members.
Facebook fails to block antitrust lawsuit over WhatsApp and Instagram ownership January 12, 2022 Meta faces another blow as it loses its attempt to dismiss a US Federal Trade Commission (FTC) antitrust lawsuit, which could force it has to sell WhatsApp and Instagram.
JD Sports expects to beat profit expectations following Black Friday and Christmas sales January 12, 2022 JD Sports expects full-year profits to beat expectations following improved trading performance over Black Friday and Christmas.
DPD finalises CitySprint acquisition following CMA approval January 11, 2022 Parcel delivery giant DPD has completed the acquisition of UK same-day delivery firm CitySprint, following the Competition and Markets Authority’s (CMA) approval of the deal on 16 December. “This transaction makes genuine sense for both parties and we are delighted to have completed the acquisition,” said Elaine Kerr, DPD UK’s chief executive. “Same day delivery is [...]
Teletext Holidays and Alpharooms cease trading as customers owed refunds January 7, 2022 Travel firms Teletext Holidays and Alpharooms have collapsed into liquidation as thousands of customers are still owed refunds. According to a report in The Sun, parent company Truly Holdings, has ceased trading, the government’s insolvency database shows. Some 4,000 consumers are thought to be impacted by the collapse, according to MoneySavingExpert. Thousands of customers complained [...]